KPIT Technologies Limited has informed the Exchange about Transcript of Post Earnings Conference call.
KPITTECH · price
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KPIT reported Q1 FY26 revenue growth of 12.8% in rupee terms and 7.8% in dollar terms, with EBITDA up 12.4% YoY at 21% margin and EBIT at 17%. PAT came in at INR 1,719.1 Mn, with a negative variance versus Q4 FY25 mainly due to a one-time QUALCOM investment into Qorix last quarter and INR 272 Mn of currency headwinds. New deal wins were strong at USD 241 million, led by powertrain and connected vehicles in the US and Europe. Fixed-price projects rose from 60% to 62.5%, and headcount fell modestly to 12,545 from 12,873. Management guided that H2 FY26 will be stronger than H1, tariff uncertainties should ease in a quarter, and the Caresoft acquisition should close this quarter. The JSW Motors India deal was announced as a ~3-year program starting in Q3, and the company remains bullish on India and China pipelines.
Steady double-digit rupee revenue growth and resilient 21% EBITDA margin in a tough macro should reassure investors, while the strong TCV wins and management's confidence in an H2 recovery provide a positive medium-term outlook. Watch points include delayed ramp-ups in Europe commercial, Japan softness, and pending closure of the Caresoft acquisition.